November 22, 2013

Company announcements: NOVAMSC, ELSOFT, MPAY, MCLEAN, SMARTAG, FBMKLCI-EA, IGB, MRCB

NOVAMSC - OTHERS

Announcement Type: General Announcement
Company NameNOVA MSC BERHAD (ACE Market) 
Stock Name NOVAMSC  
Date Announced22 Nov 2013  
CategoryGeneral Announcement
Reference NoNM-131122-41835

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDNM-131121-35398
SubjectOTHERS
DescriptionNOVA WON SAR 8.3MILLION (RM7.1 MILLION) CONTRACT TO PROVIDE FORNAX LICENSE AND SERVICES FOR HOLY MAKKAH MUNICIPALITY, KINGDOM OF SAUDI ARABIA
Query Letter Contents We refer to your Company's announcement dated 19 November 2013.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. The date on which the Contract was awarded.
2. Whether the Contract is renewable. If so, for how many years.
3. The risks in relation to the Contract.

Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully


TAN YEW ENG
Head, Issuers
Listing Division
Regulation

TYE /NMA
c.c.General Manager & Head Market Surveillance Department, Market Oversight
Division,Securities Commission (via fax)

We refer to the announcement dated 19 November 2013 and the query from Bursa Malaysia Securities Berhad ("Bursa Securities") via its facsimile dated 21 November 2013 in relation to the above-mentioned subject.

Nova MSC Berhad (the "Group") wishes to announce the following additional information as required by Bursa Securities pursuant to the above-mentioned subject:-

1. The date on which the Contract was awarded

The Contracts were received by the Group on 18 November 2013, and was signed and accepted by the Group on 19 November 2013.

2. Whether the Contract is renewable. If so, for how many years.

The Contracts are not renewable.

3. The Risks in relation to the Contract.

The Contracts are subjected to the following risks:-

Project Risk

The Contracts are entered on a project basis. Due to the complexity of the Contracts, the Group may face the following factors:-

  • Delay or cancellation of Contract. Client may delay or cancel the project due to unforeseen circumstances. Delays may arise from incomplete specifications or unanticipated difficulties in developing the solutions. Project delays will affect profit margins and additional cost may be also incurred as a result.
  • Failure to implement the Contract that fully satisfied the requirements and expectation of the Client. This may leads to claims being made against the Group, adversely affecting profits and reputation.
  • Invoices issued may face difficulties in collecting or becoming bad debts. Additional cost such as debt recovery fee and other related cost may be incurred and in the event that the debt becomes bad, it adversely affects profits.

Foreign Exchange Risk

We are also subjected to foreign exchange risk. Our sale is denominated in Saudi Arabia Riyal while our costs are mainly denominated in Singapore Dollars and Ringgit Malaysia. As we currently do not have a policy for the using derivative instruments for hedging purposes, we may be exposed to fluctuation in foreign exchange rate. This may affect our profitability.

Country Risk

We are also dependent on the political, economic, regulatory and social condition in the Kingdom of Saudi Arabia. Any changes in policies implemented , exchange controls and changes in duties and taxation or general changes in the economic and social environment that are detrimental to our business may materially and adversely affect our performance and financial result thereof.

The Group had already taken certain steps to mitigate such exposures including (1) having a pool of experienced staff, (2) conducted detailed studies of the complexity and specification of the project needs, (3) engaged a professional firm in Saudi Arabia to advise on the tax regime in the Kingdom of Saudi Arabia. The Group will regularly monitor the abovementioned risk exposure.

This announcement is dated 22 November 2013.



ELSOFT - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameELSOFT RESEARCH BERHAD (ACE Market) 
Stock Name ELSOFT  
Date Announced22 Nov 2013  
CategoryFinancial Results
Reference NoCC-131119-4AD1B

Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Attachments

Elsoft-Q32013.pdf
611 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
3,631
7,561
21,159
11,468
2Profit/(loss) before tax
1,461
3,040
9,012
4,044
3Profit/(loss) for the period
1,451
3,006
8,974
3,968
4Profit/(loss) attributable to ordinary equity holders of the parent
1,451
3,006
8,974
3,968
5Basic earnings/(loss) per share (Subunit)
0.80
1.66
4.95
2.19
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
1.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.3300
0.3100
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


MPAY - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameMANAGEPAY SYSTEMS BERHAD (ACE Market) 
Stock Name MPAY  
Date Announced22 Nov 2013  
CategoryChange in Boardroom
Reference NoCC-131119-39233

Date of change22/11/2013
NameDato' Dr Mohd Aminuddin Bin Mohd Rouse
Age68
NationalityMalaysian
Type of changeRedesignation
Previous PositionNon-Executive Director
New PositionChairman & Director
DirectorateIndependent & Non Executive
QualificationsBachelor of Science (Hons.) in Biocheimstry from the University of Malaya in 1969 and PhD in Agricultural Chemistry from the University of Adelaide in 1974. 
Working experience and occupation Began his career as the Head and lecturer at the Department of Biochemistry and Microbiology before becoming the professor of Biochemistry and Deputy Dean at Universiti Pertanian Malaysia in 1977. Prior to joining Berjaya Group Berhad as the Group Director in 1994, he was the Director of Manufacturing and Agribusiness for Guthrie Berhad Group.

He was the Group Chief Executive Officer of Konsortium Perkapalan Berhad cum President and Chief Executive Officer of PSNL Berhad. In November 1997, he assumed the position of Executive Chairman, Indah Water Konsortium Sdn Bhd and was President and Chief Executive Officer of Malaysian Technology Development Corporation Sdn Bhd. He retired as a director from Konsortium Logistics Bhd in 2007. 
Directorship of public companies (if any)1. Ajiya Bhd
2. Tanco Holdings Bhd
3. Karambrunai Corp Bhd
4. Star Publications (Malaysia) Berhad
5. Star Foundation - Trustee 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


MPAY - MEMORANDUM OF UNDERSTANDING

Announcement Type: General Announcement
Company NameMANAGEPAY SYSTEMS BERHAD (ACE Market) 
Stock Name MPAY  
Date Announced22 Nov 2013  
CategoryGeneral Announcement
Reference NoCC-131119-38993

Admission SponsorRHB Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionManagePay Systems Berhad (“ManagePay” or the “Company”)

- Memorandum of Understanding entered into between ManagePay Services Sdn Bhd (formerly known as Multimedia Prospect Sdn Bhd), a wholly-owned subsidiary of ManagePay, and China B-TO-B Holdings Limited (“MOU”)
Reference is made to ManagePay’s announcement on 8 March 2012, 23 May 2012, 28 August 2012, 19 November 2012, 19 February 2013, 20 May 2013 and 12 August 2013 in relation to the MOU for the setting up of a two-way China-Malaysia e-commerce platform.
The Board of Directors of ManagePay wishes to inform that there has been no change since the last announcement on 12 August 2013.

The Company will provide an update if there is any further material development in respect of the MOU.

This announcement is dated 22 November 2013.


MCLEAN - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameMCLEAN TECHNOLOGIES BERHAD (ACE Market) 
Stock Name MCLEAN  
Date Announced22 Nov 2013  
CategoryFinancial Results
Reference NoCA-131121-60236

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
Financial Year End31/12/2013
Quarter3
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited

Attachments

Third Quarterly Results.pdf
3713 KB

  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
13,192
7,930
33,374
28,370
2Profit/(loss) before tax
626
-1,866
-1,192
-1,521
3Profit/(loss) for the period
619
-1,870
-1,199
-1,531
4Profit/(loss) attributable to ordinary equity holders of the parent
619
-1,870
-1,199
-1,531
5Basic earnings/(loss) per share (Subunit)
0.53
-1.59
-1.02
-1.30
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2000
0.2000
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SMARTAG - Quarterly rpt on consolidated results for the financial period ended 30/9/2013

Announcement Type: Financial Results
Company NameSMARTAG SOLUTIONS BERHAD (ACE Market) 
Stock Name SMARTAG  
Date Announced22 Nov 2013  
CategoryFinancial Results
Reference NoCC-131114-4F1FF

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
Financial Year End30/09/2013
Quarter4
Quarterly report for the financial period ended30/09/2013
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2013

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2013
30/09/2012
30/09/2013
30/09/2012
$$'000
$$'000
$$'000
$$'000
1Revenue
711
15
1,158
1,341
2Profit/(loss) before tax
-11,753
-1,352
-17,133
-2,698
3Profit/(loss) for the period
-11,753
-1,352
-17,133
-2,698
4Profit/(loss) attributable to ordinary equity holders of the parent
-11,733
-1,352
-17,108
-2,694
5Basic earnings/(loss) per share (Subunit)
-5.17
-0.60
-7.54
-1.19
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1100
0.1800
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced22 Nov 2013  
CategoryGeneral Announcement
Reference NoFB-131122-564F6

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 22 November 2013

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.8483
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,794.52

Attachments

FBM KLCI etf 20131122.xls
34 KB



IGB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameIGB CORPORATION BERHAD  
Stock Name IGB  
Date Announced22 Nov 2013  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoIC-131122-61DA7

Date of buy back22/11/2013
Description of shares purchasedOrdinary shares of RM0.50 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)792,000
Minimum price paid for each share purchased ($$)2.710
Maximum price paid for each share purchased ($$)2.710
Total consideration paid ($$)2,153,602.86
Number of shares purchased retained in treasury (units)792,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)124,401,667
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)9.11


MRCB - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced22 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMR-131122-62084

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLembaga Tabung Haji
AmIslamic Fund Management Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired14/11/2013
3,500,000
 
Acquired15/11/2013
2,400,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change136,851,573
Date of notice18/11/2013


MRCB - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced22 Nov 2013  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoMR-131122-62277

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak
Peti Surat 11025
50732 Kuala Lumpur
NRIC/Passport No/Company No.ACT5351995
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderLembaga Tabung Haji
AmIslamic Fund Management Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired18/11/2013
726,500
 
Acquired19/11/2013
857,800
 
Acquired20/11/2013
3,458,700
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect Interest
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change141,894,573
Date of notice21/11/2013


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